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Subject: Audited Financial Results for the quarter and year ended March 31, 2020.

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June 15, 2020 The General Manager

Department of Corporate Services BSE Limited

Phiroze Jeejeeboy Towers, Dalal Street, Mumbai — 400001.

Scrip Code: 540268 Dear Sir / Madam,

Subject: Audited Financial Results for the quarter and year ended March 31, 2020.

In compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of Dhanvarsha Finvest Limited (“the Company”) at its meeting held today i.e., May 22, 2019 (commenced at 1.00 p.m. and concluded at 5.00 p.m.) has inter-alia, considered and approved the following:

i. Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended March 31, 2020 and took note of the Audit Reports thereon, submitted by the Statutory Auditors of the Company i.e., Haribhakti & Co.

LLP, Chartered Accountants.

ii. Recommended a final dividend of Rs.0.10 per Equity Share of face value of Rs.10/- each (i.e., 1%) for the financial year ended March 31, 2020, subject to the approval of the Members of the Company at the ensuing Annual General Meeting.

A copy of each of the Audited Financial Results, Auditors' report along with declaration on unmodified opinion is attached herewith.

We request you to kindly take the above on record. Thanking you.

Yours faithfully,

For Dhanvarsha Finvest Limited

M. Vijay Mohan Reddy Company Secretary Mem. No. ACS 49289

Encl: as above

@

Dhanvarsha

Dhanvarsha Finvest Limited

CIN: L24231MH1994PLC334457

Regd. Off: 2nd Floor, Bldg. No. 4, DJ House, Old Nagardas Road,Andheri (E), Mumbai - 400069, MH. Tel: 022 2826 4295/ 6845 7200Icontact@dfltd.inIwww.dfltd.in

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& CO

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LLP

Chartered Accountants

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INDE~ENDENli

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AUDITOR'S REPORT

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To the Board of Directors of Dhanvarsha Finvest, Li mite

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Report on the Au~it of the Standalon~ Fiinancial

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Opinion ;

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We have audited the accompanying standalone annual financial results of Dhanvarsha Finvest Limited ("th

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Company") for the year ended March 31;2020 ("the State ent"), attacliecl herewith, being submitted by

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the Company pursuant to the requirement of1Regutation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Statement:

(i) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this

regard; and

(ii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards, and other accounting principles generally accepted in India, of net profit and other comprehensive income and other financial information of the Company for the year ended March 31, 2020.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Companies Act, 2013 ("Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ("ICAI") together with the ethical requirements that are relevant to our audit of the Statement under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit

evidence

we have

obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter

We draw attention to Note 11 to the accompanyi_ng Statement, which explains that the extent to which COVID-19 pandemic will impact on the Company's operations and financial results, is dependent on future developments, which are highly uncertain.

Our opinion is not modified in respect of this matter.

Board of Directors' Responsibility for the Standalone Financial Results

This Statement has been prepared on the basis of the standalone annual financial statements. The Company's Board of Directors are responsible for the preparation and presentation of this Statement that give a true and fair view of the net profit and other comprehensive income and other financial information

of the Company in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in

,;,,r:.1-rn'ni:tz'IC1> with the provisions of the Act for safeguarding of the assets of the Company and for preventing

~.;&OiEf'l:~~>MQ frauds and other irregularities; selection and application of appropriate accounting policies;

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-.;:~,.,.~lllli!;l'l'~~~IFHJ.\.'.!!l,[jl,~~!SK' P, Chartered Accountants Regn. No. AAC· 3768, a limited liability partnership registered In India (converted on 17th June, 2014 .. . akti & Co. FRN: 103523W)

Regist office: 705, Leela Business Park, Andheri-Kurla Road, Andherl (El, Mumbai • 400 059, India. Tet:•91 22 6672 9999 Fax:•91 22 6672 9777 Other offices: Ahmedabad, Bengaluru, Chennal, Hyderabad, Kolkata, New Delhi, Pune.

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HARIBHAKTI

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CO

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LLP

Chartered Accountants I I, 11· •I I

making ju~gments and estim!tes that are reasonable ~nd prudent; and design, implementation and

maintenante 1of a

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dequate int;rnal firian'cial controls, tliat were operating effectively for ensuring the

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accuracy and completeness of , the accounting records, relevant to the , 1u 1 1 1 preparationIand presentation of the , 1

Statement that give a true and fair view and is free from material misstatement,

1whether due to fraud or

error.

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In preparing the Statement, the Board of Directors are responsible for assessing the

1 Company's ability to

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continue as a gomg concern, isc osmg, as app ica e, matters re ate to gomg concern an using t e going

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concern basis of accounting unless the Board of Directors either mte1ds to hqu1date the Company or to

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cease operations, or has no realistic alternative but to do 1so.

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The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably

be expected to influence the economic decisions of users taken on the basis of this Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error,

design and perform audit procedures responsive to those risks, and obtain audit evidence that is

sufficient and appropriate to provide a basis fqr our opinion. The risk of not detecting a material

misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve

collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures

that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible

for expressing our opinion on whether the Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting

estimates and related disclosures made by the Board of Directors.

• Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If

we conclude that a material uncertainty exists, we are required to draw attention in our auditor's

report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our

opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

a e the overall presentation, structure and content of the Statement, including the disclosures, ther the Statement represent the underlying transactions and events in a manner that achieves entation.

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HARIBHAKTI

&

CO

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LLP

Chartered Accountants

We communicate with those charged with governance regarding, among other matters, the planned scope

and timing of the audit and significant audit findings, including any significant deficiencies in internal control

that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant

ethical requirements regarding independence, and to communicate with them all relationships and other

matters that may reasonably be thought to bear on our independence, and where applicable, related

safeguards.

Other Matters

a) The comparative financial information of the Company for the year ended March 31, 2019 included

in the Statement, are based on the previously issued standalone financial results prepared in

accordance with the Companies (Accounting Standards) Rules, 2006 audited by us whose report for

the year ended March 31, 2019 dated May 22, 2019 expressed an unmodified opinion on those

standalone financial results, as adjusted for the differences in the accounting principles adopted by

the Company on transition to the Ind AS, which have been audited by us.

Our opinion is not modified in respect of this matter.

b) The Statement includes the results for the quarter ended March 31, 2020, being the balancing figure

between audited figures in respect of full financial year and the published unaudited year to date

figures up to the third quarter of the current financial year which were subject to limited review by

us.

For Haribhakti & Co. LLP

ered Accountants Registration No.103523W / W100048 us am Nyati Partner Membership No.118970 UDIN: 20118970AAAACS2175 Place: Mumbai Date: June 15, 2020 Continuation Shl'ct

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Dhlnvanha ,1nv.1t Llml1..i

R-.lstered ofltce:• 2nd Floor, 8utldln1 No, ◄, DJ Houw, Old ~11rd11 Road, Anclherl (East) Mumbai. ◄000'9 Mllw VIII Tel:• +91 22 61◄5 7200, [mall ID:, contact..it!td,ln, Webilte:, ~.dfltd,ln ' 1 I,

CIN:• LZ◄2l1MHl'9◄,LCJJ◄◄17

STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUAIITrll AND VtAII END(D MA~ l 1, 202()

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Quartff End..i Ynrtm,,i

P.rtlculan l1•Mlt•20 l1•Dec•19 JHur,t, lMl.ar•l() Jl•M.v•lt (Audit~) (Unaudtted) (Audited) ~lted) (Audited)

Rev-from operations

I Interest income

1JJ.29 1◄3.71 lJS.32 612.811 924.)7

II F'~s and commission Inc ~

◄3◄.32 3◄9.71 257.◄2 1,uo.10 "61,Y Ill Profit on sale of Investments lndudtn1 chanae In f1tr value pin/loss

2.76

us

2.8) 8.16 ~.t.? Iv Others

1. 10 17.8◄ 2.11 28.91 IU.O

I Total R..-.nue from operations

571.47 SIJ,61 ◄97,61 1,910.04 l,90l,24

II Other

inco-13.63 o.s8 O,J7 19.◄I 26.0&

Ill Total lncomtt (1+11)

SIS.10 Sfl,19 491.05 1,929.52 1,92'.lZ

E,q,ensit5 I Finance costs

◄1,57 32.59 111.21 168.59 517.67

ii FeeJ and commission expe= 0.57 0.12

0.95 0.79 0.%

m Net loss on fair valUit chanaes ,

iv Impairment on financial Instruments (~tPd credit loss) 129.20 (26.65) (92.71) 33.67 290.21

V El1'4>(oyce benefits expenses 208.78 168.60 173.30 701.8◄ 516.M

vi Depreciation and amortization 22.09 10.20 9,93 44.65 16.60

vii Other expenses 130.92 119,52 52.87 ◄17.92 3'-4.n

IV TolllExpe~ !Jl.13 »4.Ja 255.55 1,371.46 1,636.61

V Profit before tax (Ill • IV) 51.97 204.81 2-42.50 558.06 242.71

VI Tuexp•nse:

i Current tax .U.03 45.79 8.13 in.sz 106.63

II Oefe-rred tax (26.59) (3.61) 44.02 (17.03) (77.JS)

Ill Tax adjustment for earlier years (7.12)

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VII Profit a ~ tax (t/-VI) l4.5l 166.61 190.35 "°9.&9 2U.◄l

VIII Other Comprehenslvtt Income

i Items that will not be rttlassified to profit or lcs, (1.66) J.-48 (1.66) J.-48

II Income tax relating to items that will not be reclassified to l)(Olit or loss 0.46 f0.97) 0.46 (0.97)

Other co~rehensive income (1.20) - 2.51 (1.20) 2.51

IX Tot.ii Comprehensive lncomit (VII ♦ VUIJ 33.33 166.63 192.16 o408.69 215.9"

X P•td up equity share capital (face valu. of Rs. 10/· ~ share) 1,350.78 1,350.00 1,150.00 1,350.71 1,150.00

Xl Other Equtty 3,119.11 2,664.74

XII Earnlnp per 1tqulty share (Not annwlis.d f0< tU Interim periods)

8HIC (Rs.) 0.26 1.23 1.sa 3.04 1,77 DIiuted (Rs.) 0.24 1.1-4 1.52 2.86 1.71 ll'liit 1)

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Nottt:

1, STATCMCNTO, STANOALotl! ASsm AND LIAIILITIES AS AT Mo\llCH 11, 20IO

(111,fnu~) AIAI AIAI ,11t1culan ,,.,.,.,-20 ll•Mlr•lt (Aucl!IN) (Audited)

.

\ I ASS[TS 1 Fln1ndab Assets

(a) Cu.hand cash f<!Ulvalents 16"52 )61,04

(bl 8'nk wl.lnces other than (I)• ~ ,n,9-4

11.,,

(c) Trade Receivable 117.64 0,65

(d)lom J,US,'2 ◄,S16,◄7

(e) lnvestlTlfflts tJ),41

(fl Other Flnal1cials Assets ))9.89 1.5-4

◄,22),92 4,191,U

2 Non flnandab Aslctts

(1) Current tax llRts (net) ◄1.67 )7,71

(b) ~I erred tax IS$CIS (net> 118.2◄ 122.90

(cl Propo,rty, l)lart And equipment 118.SJ 29,6'

(dl lnta"ilble ass.ts under development 11.SI 6S,07

(e) Capital Work ti l'nlgrffl 2U◄

ti) Ott-., 1ntan11lbl• aswts 142.17 46.97

(i) Other non-lin•nclals usets 27,2◄ 22.ll

(h) Non-current wets and disposal a,oups held for 11le SS,Jl

625,90 479,95

TOTAL ASSfTS .. , .... 9.12 5,)71,20

II LIABILITIES AND EQUITY UABILITIES

1 ffnandal Ll.lb!lltles (a) Trade PIYibles

1) total ouutandin11 dues of mlao ,nt,rprfses and small mtorprlses 1.12 6.10

11) total outstandln11-. of creditors other than micro entffJ)rlses and small m1«prllft 26.65 17.27

(b) Borrowln9, (Other th4n Debt Securities) 1,560.75 2,S◄ l,)2

(C) Othor rlnancul IUbRltles

36.26 43.19

2 Non,,fnlncfal U1bllllles 1,6)1,71 2,612.11

(a) Current tax llabtlltln(Net)

)).29 (b) Provisions

24.1◄ 12.97

(c) Othor non•flnanclal llabllllles

-40.79 17.61

EQUITY 99.91 100,SI

(a) uiulty Share capital

1,]50.71 1,)50.00 (b) 0th« Equity

1,76&.34 1,)14.7◄

),119.12 1,66"'.74 TOTAL U.UllffiES ANO EQUITY

4,1'49.&Z 5,)71.20 tP•a• 21 MBAI ~:..

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2. STATEMENT OF STAND41.0NI!: CASH FLOW roR YW ENDED MUCH 31, 2020

A. CASH FLOW FROM OPERATING ACTMTIES: Net Profit Defore Taxes

Adjustment tor:

Interest Income from Fixed Deposits Profit on salo or Investment property Depreciation / AmOrtlsatlon Impairment on Financial Instruments Realised gain on Investments Unrealised gain on Investments Fee Income Reccsnlllon as per EIR Employee share based payment expenses Unrealised foreign exchar>Ke eain/loss

Partlcu!Jln

Operati"!I profit before wo,ktng capital ch&llles Movement tn worktns capital

(lncrease)/decrease in Loans

(lncrease)/Decrease In Other Financial Assets (lncrease)/Dea-ease In Other Assets (lncrease)/Decreue In Trade Receivable lncreaset(Decrease1 In Other Payables lncrease/(Oecrease) In Other Financial Ll>billtlos lncrease/(Decrease) in PrOYislons

Cash 1eMrated from Operations Income tax paid

Net cash from Operati"3 A<:tivities

B. CASH FLOW FROM INVESTING ACTIVffiES:

Purchase of Property, plant and equipment and Intangible Assets Proceeds from sale of Property, plant and equipment and Intangible ~ Purchase of investment at fair value through profit and loss account Proceeds from sale of hwestment at fair value throuih profit and loss acc1lunt Investment In suboldlary

Investment In Fixed Deposits having original maturity more than three-yea" Proceeds from sale of investment property

Interest Income from Fixed Deposits Net ca5h from/(utlllsed In) Investing activities

C, CASH FLOW FROM FINANCING ACTIVITIES:

Proceeds from Issue of share capital and share warrants Proceeds from / (repayment of) borrowln35 Payment of Lease Liability

Dividends paid fnctudins dividend distribution tax Net cash utlltscd In ffn1ncin1 actMtles

NET (DECREASE)/ INCREASE IN CASH AND CASH EQUIVALENTS Cash and cash equh-.lents at the be11lnnin11 of the financial year cash and c~h eqUM1lents at ond of the year

Rttoncili&tlon of cash and cash equfVlllents as per the mtemant of cash flow Cash and cash equivalents as per above comprise of the following

Balances with banks In Current accounts Cash on hand (including loreign currencies) Bank deposits with maturity of less than 3 months Total

-(Rs. In IAkhsl YNrEndod YHr Ended

3l·Mar-20 3l·Mlr-19 (Audttedl (Audited) 558.06 242.71 (10,501 (0.01) (U7) (96.69) 41.65 16.60 33.67 290.n (7.11) (I.CM) 7.08 (70,16) 82.30 37.16 (0,04) 0.02 706.40 419.85 1,190.20 (105.81) (343.10) (1.◄5) 11,s.n1 (117.10) 37.7◄ 11.-46 (1.36) (58.76) 11,4,59 11.87 9,4◄ 1,400.98 4Ul.27 (aJ.nl (231.75) 1,317.25 196.52 (160.17) (112.80) 1.37 (1,995.01) (2,245.◄0) 1,874.74 2,600.00 (5.00) . (160.39) 60.00

.

10.50 0.01 (375.33) 2◄3.11 2.34 1,325.79 (1,093.66) 11.473.n> (2.43) (40,69) (1110.30) {1, 134.<M) (328.23) (192.52) 111.◄7 362.0◄ 250.57 169.52 362.0◄ Year Ended Yffl'l!:nded 31-Mar-1O 31-~r-19

(Audited) (Aueltted) 168.16 361.25

1.36 0.79

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J. T~o Comp.,r,y ha• ,dopted Indian .-Ccoun1ln1 St1-.dlrd1 (Ind AS'I notified under Section Ill of t/".e Co,,pa,)lts Act 2~J

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Aecounllnt St.tnd,f'dl) Ruic,, 2015 from April 01, 2019 a:,d Lh• ■HKll•• dtle of ~ tr,11>1t!on II Apr~ Of, 201a. Slich tnrisltlon tAJ btttl urrlcd WI ,.,.,,,,

-erstwhile Accountlna St&ndarm notified under theo Act, rud wfth roln-,nt r Jl01 lnuC'd thorftlnder ltld 1u1de!lr.es hsued !,y !hO ~ Bal'Jc o' ,..4.1 /C/L«i>-f'--,

referred 10 n "the PrC"Yfous GMl'J. Tho come1pond1na (ici,rt1 prowntl'd In tho10 flnuiclll r=II• llavC' btt-1 pr,:,area on Ille bHIS d v..e :Jtrv'.o.Gf ~ ~

fln&nClal results under prcvi0111 G.u? for the relt'Y,nt periods, duty restated to 111d AS. rne flaurt'S htvr been presented In KC,Orunc. wit/I 11W fv,...4'1. P " ~

for f~ncial statements for a Non·Bankfn11 finance Comp,1ny (NBfC) ~ 'Liancial stawrcnu are aawn u:, 111 c.ompl'a,,u d I.I',. Comi,r-Ai /;r;:¥1.l<r.l:A.rYJf

Standards) Rules, 2015, In Division Ill of Notllfutlon No. GSR 1072 (El daledOctobt-f 11, 201&, l!WC!d by~ Mfnfstr/ of C.0-po,ate JJ(aln, Gc,,e,-r~ r;I ..-~.

~- The at>ove financial r=lts "'"'" rl!Vf~ by U-e Audit Commttttt and appr ~ t1f the Soard o( l>ltcctors at IU /,1.e!!fins rw'.d on Jllf'le 15, 1.020. Tha ~-.¥-"DJ

Auditors of the Company have carried out audit of the afor~ld results and ra,s tss.uod, report ~eor.

5. The figures tor the la:st quarter or the current f'nancl.?I year and tor the ,rl.'YiOut financial year are thl! t>al.a,icir'!I l~rn b f ~ 1ud"ited r,s...,n., ,ir-..,:;ea ::L

the full flnancl.ll year and the publls.hcd year to cate ftaures up to the end of third quarter of the cur.-ent and prr,,Jais twr>Glal ~af wlllc!I wH t.b,IK: t o ~

rl!View by the statutory auditors.

6. Fee and comml»lon Income majorly Includes commission from syndication loon.

7. The Company has primarily two reportable buslneu ,eamenu namely fund based ACIMtfcs and AIMscry sc:rv'.as tor tne CJ.f-1,U,-and ::,erlod ~ IIYC11 ?:,

2020. The company publishl!sstandalont' llnancial rt111lts along with the consolidated financial rcsufU and n a«a'dance with Ind AS 1~ • ~ ~ t"-e

co~ny has d&losed the se~t fnl~r-,tton In :he cor.solld.ltC'd llnanctal results ol the Compar:y

8. AS required by paral!'aph 32 of Ind AS 101, net p,oflt reconciliation betwct'fl thl! fle.,es reported un~r PreviouJ GA/>P and Ind AS Is a s ~

Qµutetfndad

Particul•rs l1•Mu•f9

fAuc:f:-<1

Net Profit as per JG.UP (A) Sl~

Add/(Less): Ind AS adjustments

· Loan IOOI provisioning as per ECL model 97.41

• fair valuation of Equity Shares .

· Others S0.93

• Delttred tax on the above adjur.ments (40.3-4)

• Restaten'IE'l\t of previous year tax (Reier Note No 101 28.-48

Total Adjustments (B) 136.51

Net profit up.,-Ind AS (C) E (A·8) 190.35

Othl!f Compr<!ll.,,si...e Income

• Remeasurement of DC'fir,ed flfflefit scheme (J.<BJ

• Income ta• on abovE 0.'17

Total other compr<!llens!ve Income (DJ (2-511

Comprehensive Income u per Ind AS (C·DJ 192.U

9. AS required byparaeraph 32 of Ind AS 101, reconcfilat!on of cqultyasr~t~ in ecccrdance with Previous GAN' anct fr.dAS ts as Ul>d«!r:

Equity as per ICiAAP (A)

(Add)/Less: Ind AS adjustments

• Loa, loss pro-i,loning as per ECl rnoocl

· Fair valuation ol Eq.,ity Shares

• Loan upfron\ ftts rcc,gnltfon as per EIR m:>del

• lnttt01t Recasn,11on M Credit Impaired a:ssea

• Def'ured Taxes on tile a!>ove edjustmcnts , Restatement o/ error in Tax

Total Incl AS &djustlnffllS (8)

Partfc:ular,s

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442.61 {15a.99j (l!J.23) 12..Jl n.25 u.,.ca (229.18) Z1l.4l 13.'<?} 0.'11 (2.5:) Z15.9-4 Rs.!:, Lakhs 31-Mu-19 2,918.40 la.5.07 10.ll !(.SC) (10!.75) (25.◄1) 2Sl.66

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10. n... Ccmp.lny Nd made prov1slon for t&Jc In tho pn,vtou1 ya1r by applylna Incorrect rat• ol w wt,li. calculatln1 the LM on apltal pins on Illa of aqr.,tty lnstrume,,ts which was duly r.ctlflctd wf11l• mt,. tncom• tu rfturn. The ume NII been rectlllctd In tho Q.WT•nt v-ar 1,/ rnut1n1 tho p,rtlous ,,_., • ~ rnultlns In r.wnol ol c,,u:es, pn>Yillon of taxn and 1v1lllna of MAT credit 11srept1n1 ol Rs, 28."9 l..llchs In-tine with lN rec:,utrenwnt cl Ind AS-I "Acccu,tlna Policies, ChanlOI In Account1n1 E1tlm.tle, and Errors",

11. COVI0·19 wf11ch NI> bnn declarctd 1 1lobal l)llldemlc contlnun to IPf'"'ld across UM! alobe and hu Ire! to an unprecedffltld ie.et ol disruption on >Odo,

c,conomlc acttvltlrs. Th• Government ol lndfl h.ld anl'IOUllced I series of lock•down from March 2◄, 2020 which wu .. nendctd unttl arty JunC! 2020. Beause at economic dioruptlon, RBI ret .. a~ 1uldellncs rellt1n1 to COVID•19 Re1u11tory Packlae dated .Y.Atth 27, 202D, April 17, 2420, and May 2l 2020. In a«ordana with thow 1uldtUne1, the company Is arant1n11 1 rT'IQl'atorlum to borrowen on the l)lyment of all lmta1tn<'nt1 and I or lnteres1, 11 appUcable, falllnt due ~ March

1, 2020 and Auaust )1, 2020 to all ell1lbl• ~ • baled on the request,. Ac.a>rd1,.1y, for all JUCh l«OU'llS whffe morau,rlum ha been arantld, the IU1"lbl!1' ol

day, past·dUO' shall ""elude the moratorium period for !he purposes of asset dmlflallon under the Income Recotnltlon, AsMt 0.111fflcatlon and PrO'tl<lanlna

'°'""

u well as for sta1lna ol those accounts for Impairment 1011 allowance under Ind /IS.

The recent directions from UM! Cioffll'lment allows for aradual withchwal of lockdown and partial resumption ol eoonomle actMry. ~ . major eo:,,omlc; centres are sttll contlnutnt to be under partial lockdcMn. There IJ a hllh 1-1 of uncertainty about the dJratlon of the time required for life and buslnns to pt normal. The extent to which COVll>-19 pandemic will Impact the Company's operations and lln&nclll rnults Is ~ndent en the future defflopments, which are

highly uncertain, lncludin11 amon11 many the other thlnas, any new Information toneemlni the 5eVef'1ty of the pandemic and .ny action to c.ontall'I tu spread or

mitigate tu Impact whether government mandated or elected by the company.

In preparln1 the accompanying financial statements, the CornP111Y manaaement hu been requfrrd to make Judsements, estimates and imumptlors that allect the

application of pol~ and reported amounts of eflets, U1bllltle1, equity, incomo! and ~ . Thne estimates and u,oclated assumptions, rspec:lally tor

Impairment loss allowance under Ind /IS 109 of UM! Company's loans, ere basrd on hlstoncal e,cperience and various otllCf" factors lnctudlns the po,sl,te effects that may result from the pan~mlc. lMW Mtlmatff and associated assumptions are believed to be reason,ble under the current clrcumstarlcti. In the - t the Impacts are more severe or protonaed than antlclpatQd, thl'i wlll h -1 C01Tespond1ng lmpltt on UM! car,ylnt value ol UM! loans, the financial position and

12, In terms of the requirement as per RBI notification no. RBl/2019·20/170 DOR (NBFC).CC.PD.No.109/22.10.106/2019·20 dat9d March 13, 2020 on lmp(emenUtlOn of Indian Accounting Standmls, Non-Banking Financial Compan~ (NBFCs) are required to create an Impairment resene for any short/all In Impairment~ under Ind /IS 109 and Income Recognition, Asset Ctasslficallon and Provisioning (IRACP) nonns (lncludine provision on standard llflets). The Impairment allowanas under Ind />S 109 made b-t the Company exceeds the total provision required under IRACP (Including standard asset prorislonfoSI, as at March 31, 2020 and

accordingly, no amount 11 required to be transferred to lmpalrme,,t reserve.

1 l. Fiaures for the pre\'lo\n periods ha~ been regrouped wherever necessary, fn order to maq them ~rabltt.

Mumbai, June 15, 2020

For and on behalf of the Board of Ohanvarsha Flnvest Llmtlfd

Joint Managing Director DIN: 05285546

'i

)

/d7~;::

RohanJunc,jo

~

Joint Manatlll!I Director DIN: 083-42094

(10)

HARIBHAKTI

&

CO

.

LLP

Ch

:u

l

cr

et

l

;\C(OUOl;Jnl~

INDEPENDENT AUDITOR'S REPORT

I I

I

I

To

t

he

Board

of

D

i

r~to

rs of

Dhan

varsha

F

l

j

es

t

u

1

ited

I

I

I

I

Report on th& Audit of th• Consolidated Flnarclal ~-Juttsl

Opinion

I

J

I .

J

We

have

aud

i

ted

t

h

e

accom

pan

yi

n

g

consolidated annual

financia

l

res

u

rts

of Ohanva

rsh

a

Finvest

1

~

i

ted

I

(he

r

ei

naft

er referred

to as lhe

~

Hold

i

n

g

Compan

y'°) a

n

d

1

i

tS

su

b

s

i

c

fi

a

~ {t

h

e

Holdi

n

g

c

'om

pan

y

1

snd

i

ts

s

ub

si

d

iary

t

o

gether

refe

rred to as

•the

Gtoup"

) for

th

e

yea

r

ended March 31,

2020

\

t

h

e

State

m

e

n

t"),

attached

h

e

rewtth

,

be

i

ng

submilled by

t

he

Holding Company pursvent lo

the

requirement

or

Regulation 33

of

the SEBI (Listing

Obliga

tio

ns and Olsd

o

sur&

Requirements) Regulations, 2015, as

a

mended

('listing Regu

l

ations

'

)

.

I

n

our opinion and to

t

he

bes

t

of

our

I

n

fo

rmation

and

aooord

in

g

to

the

o

~

l

a

nat

ions

g

i

ven

to

us

,

t

h

e

afo

re

sak:I

statement

(i)

inc

lud

es the a

n

n

u

a

l

finaoo:i

aJ resu

l

ts

o

f

the

f

o

l

lowing entities:

Sr. No. Name of the Entity Relationship

I

O

h

a

n

varsha

Finvest

L

im

ite

d

Ho

l

d

in

g

Compa

ny

2

O

FL

Technoioglas Private

li

m

ited

S

u

bs!d

jary

(ii

)

i

s presen

t

ed In accordance

with

the

require

ments

of

Regula

tio

n

33

of t

he

Listing

Regula

tions

I

n

this

regard;

and

(Ill} glvM a

tr

ue

and fai

r

view

in

con

fo

rm

ity with

the

recog

n

itio

n

and measureme

n

t pri

n

ciples

la.id down

in

the

app

l

icable accounting

sta

n

dard

s

,

an-d

other accountin

g

pri

nc

ip

l

es generally accep

t

ed

I

n

In

d

i

a,

or

the

consolidat

ed ne

t

profit and

other

c

omptehe

ns

ive

income

and

other fin

a

nc

ia

l

in

f

ormatio

n

o

f

the

Group

for

the

ytt-ar

e

nd

ed M

a

rc

h

3

1

,

2020

.

easts

for Opinion

Wo conducted

oo

r

audit

i

n

aooordance

with

th

e

Sta

n

d

a

rds

on A

u

di

t

i

n

g (SAs} specified

u

n

der Sectio

n

14

3(

1

0)

of

the

Com

p

anies

Act,

2013

("Acf)

.

OU

r

respo

n

sibilities u

n

o'er

thos

e

S

tan

dar

ds are fu

rther

descr

i

bed

i

n

the

Aud

i

tor'

s

Respons

i

bili

ties for

the

Audli

o

f

the Conso

l

idated

Financia

l

R

esu

lts sectio

n

o

f

ou

r

repon.

we a

re

i

n

dependenl

of

the

Group

in

accotda

n

ce

with

the

C

ode of

E

thics issued

b

y

th

e

lnstlt

u

t&

of C

h

artered

Accou

n

tants

of

l

nd'43

("I

CAI'

') together

with

t

he

ethical

requ

i

re

m

ents

t

hat

are

re

l

evant

to

our aud

i

t

of

th

e

S

t

a

t

ement

u

nde

r t

h

e p

ro

vi

sions

of tho

Act

a

n

d

the

Rule

s the

reu

n

der,

a

n

d

we h

av

e

fulfified ou

r

other

ethical

r

esponsibil

i

t

i

es

in

accor(Jance

with

the

se req

u

i

re

m

ents a

n

d th

e

Code

of

E

t

h

i

cs.

We be

li

eve

th

a

t

the

audit

evidence

obt

a

i

ned

by

us

is

sufficien

t

and appropriate

to

prov

i

do

a

basis

f

or

our o

pi

n

io

n

.

Emphasis of Matter

We draw attonUon

to

N

ot

e

12

to t

he

accompa

n

yin

g

S

t

atement. \vhich

e

xp

l

a

i

ns

that

t

he

exten

t

to wh

i

c

h

COV

I

0-

1

9 p

andemi

c

w!II

Im

p

act

on

th

e

Group

's operations

a

n

d

financial

resull'S,

is dependen

t

o

n

future

developments,

w

hk:h

a

r

e

h

ig

h

ly

u

n

certa

it

mOdified

i

n

r

espect

of

this m

a

uer

.

II &

eo.

u.,. O\&•lel'cdJ.tC(Ul(,)l'>li Pieari, No, Ml.• 31M, i tkrolltd ltlbltlty~nt,tnh"l,ptfilUttC'd In Ind!,) (<otM:nC'dO:'I '71h

J

-.

2014

rrom fitm ~ !'lbll,1<1U1 Co. rR11: 111J$1JW)

R"'llnttOcl O!fl(,r. 10S. lt'N &i,incu h 1',J.ncl!lN~t:1.Wt.111.o,c!. Mdhffl (tl.~.l»I • 4CO WJ, in:,~. ld:•91

n

66n 999?h•:•,I U '611 91n

(11)

HARIBHAKT

I

&

CO

.

LLP

Charl<.'1ed Accountants

Board of Directors' Responsibility for tho Consolidated Financial Result$

This S1atement has been prepared on the basis of the consolidated annual financial statements. The Holding

Compa

n

y

's

Board

o

f

D

irectors

are

respons

ible

for t

h

e

prepa

r

ation and

p

resenta

tion of this

Statement tha

t

give

a true ancf fail view

or

the consolidatGd net profit and other comprehensive income and other financial

In

formation

of the

Group

In

accordanoe wit

h

the

recognition and meas:urement princlpl

e,s

la

i

d down

i

n the

Indian Accounting Standards presoribed under Section 133 of lhe Acl read with relevant rules Issued

thereunder and other 8000Unting pcinclptas generally accepted in India and In compfmnoe with Regulation 33

of the

Listing

Regulations.

The

re-spective Board of

O

i'

ectors of the

co

m

panies

i'l

clud

e

d

i

n t

he

Gcoup are

responsible for malntenanc& of adequate aooounting records in aooordance with the provisions of the Act for

safeguarding of the assets of the Group and for preventing and detecting frauds and othet lrtegularities; selection and application of appropriate accounting po{ICIM; making judgments and estimates that ere

reasonable and prudent; and

the

design, implemeotation and mainteflance of adequate internal financial

oontrols, that YI-ere operating effecttvely for ensllfing accuracy and comp!eteneH of the accounting recotds, relevant to the p,eparation and pres.entation of the respective financial results that give a true and fair view

and are

free from matetlaJ miss.tatement. whether

d

ue

to

fraud

or

error

,

which

have

been

u

sed

for

the

purpose

of preparation of the Statement by the Directors of the Holding Company, as aforesaid,

In preparing the Statement, the respective Board of Directors of the companies inciuded ln the Group are

responsible for assessing the ability of th& Group to continue as a got,ng ooocern, di$doslng, M applicable,

matters

r

e-lated

to going concern and using the going concern basis of accounting unless the respective Board

of Directors either intends to liquldate th~ Group or to cease operations, oc has no realistic a1temative but to do

so.

The respective Board of Olrectots of the companies included in the G<oup are responsible for overseeing the

financial reporting process of the Group.

Auditor's RetponsfbUitie& for the Audit

of

the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about 'litie.lher the Statement as a whole are free from

material

misst.atement.

whether

due to

fravcl

or

er

r

or,

and

to i5sue

a

n

audtto(s report that i

ncludes our opinion. Reasonable assurance is a high level of assurance., but Is not a guarantee

t

ha

t

an audil conducted In accordance with SAs wlll always detect a material misstatement when

it

exists. Misstatements can arise from fraud or error and are considered material

if,

individually or in the aggregate,

they

could reasonably be expected to influence the economic decisions of users taken on the basts of this Statement.

As

part of an audit in accordance 'With SAs,

we

ex&rcise professional judgment and maintain professional

skepticism throughout the audit We also:

• ld:entlfy and assess the risks

of

material misstatement of-the Statement, wtlether due to fraud or error,

d8sign and perlorm audit procedures responWe to those risks, and obtain audit e-vldence that Is sufficienl and apl)(Opriate to provide a basis for our opinion, The risk of not detecting a material misstatement

resuffin9 from fraud

is hig

her than for one resulting from error, as freud may Involve coUuslon, forgery, lntentionaJ Omissions, misrepIMentations, or the override of internal control,

• Obtain an understanding of internal contrOI relevant to the audrt In order to design audit procedures that are appropriate

ln

the circumstances. Under Section 143(3){i) of the

Ac

t

,

we

are also responsible for

expressing our opinion on whether the Holding Company has adequate Internal finanolal controls with

~

4

o fi'lanclaJ statement$

in

plaoe and the operating effectiveness of such oontrols.

!I,~

C.

"" <'. ~

....

*

'=;

&

~

~Ell•~~

(12)

I-IARI

B

liAl(TI

&

CO

.

LLP

C

l1

1

u

l

t

1,•

c

l

1\r

n

n

mu

,

nlt

Evol

u

ot

o t

h

o appropr

l

o

lo

no

ao

o

f

nccou

ntl

n

o

poll

cl

ot

u

sod

a.nd

lho reasonableness

of

accountfng cslimate!I

1111d

rolal

od

dlsc

l

osuro• modo by

tho

Board of Olroctor&.

Concludo

on

tho oppropr

l

a

to

nos.s

of

tho

Bowd of D

ire

ctors

use of tho

goi

ng

concern bas/$

of

accounting

and

,

based on

tho

a

u

dfl

evldo.nce obta

l

ned

,

wtiothe

r

a

materia

l

u

n

ce

rtainty

cxfsls

related

to

events or

cood

itlon

s that may

cast

slgn!Oconl

do

u

bt on

lh

ab

ility

ol

lh

e

G

r

oup

l

o continue

as

a going

concam

.

rr

we

conclude

th

at

a ma

to

N!l

uncerta

i

n

ty

o

xi

sls, wo

are

,

eq

u

ire

d to

draw

atten

llon

in

our

a

u

ditor'& report

to

the

ro!ated

dlsc

l

osures

In

the

Statemen

t

or, I

f

s

u

ch disclos

u

res

are

Inadequate,

to

modify ou

r

opinfon.

O

u

r

conc

lu

s

l

ons a

re

based

on

the

a

udit

evi

dence obtained

up

to

the

date

of ou

r

audftor's

repon

.

Hovtever

.

f

u

tu

r

e events

or

conditions

may

cau.se tho

Group to cease

t

o

con

li

n

u

a as a

going

con

ce,n

.

EvaJuato

the

ovora

l

l

presen

tation

.

struct

u

r

e aod conte

n

t

of the Statement, lnc!Udfng

the

dlsck>su

,

es,

an

d

whether

the

Statement represen

t

the

u

nderlying transactions and eve

n

ts

I

n

a

mannor

that

achieves

tail

p,ese.nt

a

tl

on

.

Obtain

suffickm

t

ap

pro

pria

t

e a

u

d

i

t

ovfdence

r

egard

i

n

g the

ftnaneia

f

,esu11s

of

the entit

i

es with

i

n

the Group to

express an opinio

n

on

the Stat

ement.

we

are

resp

o

n

slb!e

f

or

th

e

d

i

recti

on,

s

u

peMSio

n

and

perfonnan

ce

o1

the audit of financial

i

nronnetion

of

s

u

ch entitk:ts

J

n

ct

uded

in

the Statement.

We ,-ama

i

n solely

responsible

for our

audit op

i

n

ion,

We c;o

m

m

unlcate wi

t

h

thos& charged

'Mlh

governance

of

the

Hok:lf/'19 Company

and such

other entities

Incl

u

ded In

th

e

S

ta

tament

reg

ard

in

g

,

amo

n

g other

matters.

the

p

tan

n

ed scope

a

nd

liming of the a

udi

t

and

significant audit

findings,

i

nc

lud

ing

a

ny

significan

t

deficlencies

in

lntema

J

controJ

that

we

identify

during

ou

r

audit.

We

a

lso provide

those charg,ed

with

govetnance

with

a

sta

t

ement

tha

t

we.

h

ave

complied

with

rclevant

ethkal

requi

remen

t

s reg

a

tding

independe

n

ce. 3nd

to

commu

n

icate

with

them all

relatioflships

a

nd

othe

r

matters

that

may

reaso

n

ably

be

thou

gh

t

to

bear

on

our

incfe

pende.nce,

a

n

d

whare

applicable

,

r

e

l

a

ted safeguards

.

We

al

so peno,

med

prooed

u

res

In

acoorda.nce with

th

e

citc

u

tar

I

ssued by the SEB

I

unde

r

Regu

l

ation

33(8

)

o

f

the

L

isti"9

Regulations, to the

exle

n

t

applicable

.

Other

Matters

a)

A!S

stated

in

Note 4 to

th

e

accompa

nyi

n

g

S

tat

emen

t..

the comparative

fi

na

nc

ial

i

nfonnation

for

lhe

qtJarter and year ended

M

a

r

ch

31

,

201

9

pertai

ns

to

the s

.

tandalo

ne fi

nancia

l

resuits

fo

r

the

same

perio

d,

s

in

ce oonsoti

d

aUon was

appOcabl

e

to

the Hol

d

i

n

g

Company

o

n

ly

after

the

sote s

u

bsidiary

was

formed

duri

n

g this year

.

Hence

,

previOus period figures are

not

comparab

l

e

.

b)

;b

e comparative

financia

l

I

n

formatio

n

of t

h

e Holding Co

m

pany

f

o

r

the year ended Marc

h

31

,

20

19

w,

cluded

in t

he

Statement, are based on

the

previous

l

y issued standalone fina

n

c

ial

results prepared

i

n

acc01dance

with

t

he Companies (Acoou

n

ting S

ta

ndards) Rules

.

2006

a

ud

ited

by

us

whose

,eport

fot

the

Ye.ii

'

e

n

ded

March 31,

20

1

9 dated May 22

.

2019 exp

r

essed

an

u

nmod

ified

opinion

on

those

sta

n

dalone

fi

n

ancia

l

resu

l

t

s

, as

adjusted f

or

the

diffetencos

In

the accoun

ting

p

ri

nciples

adopted by

the

Company on transition

t

o

the

I

nd AS, whic

h

have

been audi

t

ed

b

y

u

s..

(13)

~'Ii

~

*

~

HARIBHAl<TI

&

CO

.

LLP

C

h:

11

t

crcd

Ac

co

u

n

t

ant

s

c)

The Statemen

t

i

nc1udes

the

r

esu

lts

for

th

e quarte

r

ended March 31, 2020, be

i

ng

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between audited figu

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es

in

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of

full

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ancia

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o date

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r

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curren

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fina

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cial

yea

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which were s

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m

ited review

b

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Haribha

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&

Co.

LL

P

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h

artered Aooountants

e<,1

1Str

alio

n

No

.

1

03523WIW100048

i

--'<-l

Nyati

rship

No

.: 11

8970

UO

I

N

:

201

1

8970AAAAC

T

5882

Place

:

Mumbai

D

a

te:

J

uoo

15

,

2020

(14)

Dh1nvarsha Flnvnt Llmltld

Rcstsiered office:• 2nd floor, llulldlnt No. ◄, DJ House, Did Haprdu ROM!, Andhat1 (Eait), Mumbai• ◄00069, M.lhwnhtn,

hi:• +91 22 6145 7200, EtNII ID:• conuctedlltd,ln, W•blit.:• www,dflld,ln CIN:• l2◄231MH199◄Pl.C33◄◄'7

STATEMENT OF CONSOUDATID FINANOAL RESULTS FOR Tl!E QUAfflft AND YEAR ENDED M.U.CM l1, 2020

(Rs. In Ulklll)

Quilt« Ended VeuEnded

P1rt1cu1An 31-l,\ar•20 l1-l>ec•19 31•Mar•19 31-Jur-zo 31..iu,.19 (Audited) (Unaudlt.d} (Audi~ (Audited) Audited)

Re~nue from operations

I Interest lnrom., 133.29 14).71 235.32 612.80 928.]7

ti Fees and commission Income 43◄.8◄ 3◄9.71 251.◄2 1,U0.6l 161.31

Iii Profit on sal., of lnwstments including cllanse In fair valu.. iialn/loss 2.76 1,35 2.83 8.16 96.69

Iv Othen I.to 17.8◄ 2.11 28.98 16.IO

I Toul RltVIHWe from 0~1tlon• 571.99 512.61 ◄97,61 1,910.57 1,903.2◄

II other lncom• 13.21 0.26 0,37 11,11 26.01

Ill Toul Income (1+11) 515.27 512.87 ◄91.0S 1,929.38 1,929.32

E,q,itnse

i Finance costs ◄1.59 32.59 111.21 168.59 517.67

It Fres and commlmon expense 0.57 0.12 0.95 0.79 0.96

m Net toss on fair value changes .

.

.

iv Impairment on financial instruments (expected cn!dit loss) 129.20 (26.65) (92.71) 33.67 290.22

V Employee benefits expenses 208.78 168.60 173.30 701.8◄ 516 . .C.C

vi Depred.ltlon and al'IIOrtlzation 22.14 10.22 9.9) <48.n 16.60

vii Other expenses 132.7◄ 121.26 52.87 421.◄7 J◄◄.n

IV Tot.al Expenses 535,02 306.14 255.55 1,375.011 1,616.61

V Profit before tax (Ill • IV) 50,25 206,73 242.50 554.30 242.71

V1 Tax expense:

I Current tax 51.33 ◄5.79 8.13 1n.s2

106.63

Ii Deferred tax (26.55) (3.61) .C.C.02 (16.99) (77.35)

iii Tax adjustment for earlier years (7.32) (7.32)

VII Profit after tax (V • VI) 32.79 164.55 190.35 406.09 213,43·

VIII othe~ Comprehenst~ Income .

I Items that will not be recwstfled to profit or loss (1.66) . 3,◄8 (1.66) J.<48

ii Income lax relating to items that will not I)., reclassified to profit or loss 0.46 (0.97) 0.46 (0.97)

Other c.cmprehensfvr lnc:ome, (1,20)

.

2.51 (1.20) 2.51 IX Toul comprehffls!ve Income (VII+ VIII) 31.59 164.55 192.86

-404.89 215.94

X Petd up equity share capital (fac., value of Rs. 10/· per shar.,) 1,350.78 1,350.00 1,350.D0

1,350.78 1,350.00

XI other Equity

1,764.53 1,314.74

XII Eamtnp per equtty lhare (Hot annualls.d for the tnterfm period,)

Basic (RJ.) 0.2◄ 1.22

1.58 3.01 t.n

Dllut~ (Rs.) 0.23

1.13 1.52 2.8) 1.71

(15)

I

Not"'·

1. ST~TEMEKTOf CONSOLIDATED ASSETS AHO LIA8IUTI£SAS AT MAllOI 31, 2020

As At 31-Mlr-20

Pattlculan (Audited)

ASSETS

1 Flnancllls Au•ts 170.14

(a) Cash and cash ~lents 177.94

(bl ~ k ~lances other than (a) above 118.17

(Cl Trade Receivable 3,2!5.52

(di Loans 121.◄I

(el lnve5tmenu

(f) Other Flnanclab Assets J3U9

◄,220.77

2 Hon Financials Assets

(a) ~ t tax a=ts (net) ◄1.67

(b) Deferred Wt assets (net) 188.21

(cl Property, plant and equipment 189.-40

(dl Capital Wock in P r ~ 25.M

(e) lntan&ible assets under development 11.51

(fl Other lntan&ible assets 142.87

Ii) Olher non-financials anets 27.51

fhl Hon•ament assets and disposal groups held for sale .

627.01

TOTAL ASSETS ◄,1147.78

II LIABILITIES AND EQUITY

LIABILffiES

1 Flnanclll LlablllUes (al Trade pay.ab!"'

I) total outstanding dues of micro entffl)flses and small entffl)flsa 9.20

II) total outstanding d\Jes of a-editors other than micro enterprises and small enterprise 27.2◄

(bl Borrowinp (Olhef" than Debi Securtlle)

(Cl Other financial llabllltles

2 Hon•Flnancial Llabllltt . .

(al Culffl!t Wt Uabillties(Nell

(bl PrO'ilslons

(cl Other non•financlal liabilities

EQUITY

{a) Equity Share capital (b) Other Equity

TOTAL LIABILITIES AND EQUITY

1,560.75 36.26 1,633.◄5 13.29 2◄.8'1 ◄0.89 99.02 1,350.78 1,764.53 3,115.31 ◄,1◄7.71

l

r-f

$---

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,~

-~~

. .

I• ""'C! ,,rO_./, ~~ (Rs. In L&kt>s) Al At 31-Mar•19 (Audit-«!) 362.04 17.55 0.65 ◄,516.◄7 . 1.54 4,891.25 37.71 m.90 29.65 65.07 46.97 21.32 55.33 ◄79.95 5,371.20 6.10 17.27 2,541.32 -41.19 2,612.18

.

12.97 87.61 100.58 1,JS0.00 1,31◄.7◄ 2,66◄.7◄ 5,J7L20 (Page2J

(16)

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(17)

J. SCGMEIO'•WISE R.EVEHU[, llOULTS AND CAl'ITAL EMPI.O'ft:D

(lb, In ~It/ls)

Quuter Ended Yurt'.nded

Pattlc,,ilan J1-Mlr-20 Jt-O.C-19 J1•M.--19 Jt-Mar-20 JI-Mu-19

(Auclt..s) (Unaudited) (Audited) (AudftlfdJ (Audllad)

I s . - , t R . - , u a

• Fund ~ Activities 512.10 -47◄.11 295.:M 1,677.06 1,ll◄,66

• Ad-,;so,y Se<vlce (10.111 31.50 202.14 2l3.51 768.)8

Total 571.99 512.61 497.61 1,910.57 1,90J.24

less : lntff ~ I ReYenue

.

.

Rewnue from Operations 571,99 512.61 497.61 1,910.57 1,90).24

II Sep,enl Results

PrDllt/(lossl t.fore Tax rrom each ~ t :

• Fund Based Activities 94.67 215.52 123.86 512.99 (402.20)

• Advisory Semces (25.1!0) 10.78 tl◄.6-4 9).27 6-41.90

- ~

Total 61.17 226.3D 251.50 606.26 239.70

Unallocable lnoome/(Expendlture) • net (15.80) 11,.5n (16.00) (◄9,15) 3.01

Profit before Tax 5J.OI 206.73 2◄2.50 557.11 2◄2.71

Less: TaxM 20.29 ◄2.18 52.15 151.02 29.28

Profit an.,.. Tax 32.79 164.55 190.35 406.09 21J.◄J

Ill CapftAI Employed

Sep,enl Aueu

• Fund Based loctivities ◄,239.◄5 ),IIS2.90 4,761.22 ◄,2l9.◄S 4,761.22

• Advisory Services 29.67 2◄.)5 19.98 '1.9.67 19.98

• Unaltocaled 578.66 ◄05.41 597.00 578.66 597.00

4,847.78 4,312,66 5,378.20 4,847.78 5,371.20

Sep!lfflt Uabllltln

• Fund a.sec, Aethlltles 1,66-4.n 1,200.20 2,636.14 1,664.73 2,636.1◄

• Mviscty s«vlces 15.91 35,27 26.62 15.91 26.62

•Urialloated SI.SJ ◄l,55 50.70 51,Bl 50.70

1,732.47 1,277.02 2,713.46 1,732.◄7 2,7U,◄6

4. The above mats represent the con,oltdated f'lll&ndll results or ONnvusti. Flnvest limited and Its aiMldia,y •"DFL Tecflnolocy Prtvate Umlted"" formed In Oct.obe' 07, 2019 (the Parent and its ,ut,s1dlary toe,!tller referred 10 as -ui. Groo4>"1, hen~ p<eYiou1 PffSOds f9,res pe<talns to the standalone flna~I te'SIA.ts hence we not comparable.

5. The Group has adopted Indian Accountln1 Standards find AS') notified under Section 133 of the COIT'C)lnfes Act 2013 ('IN Act') read with the COIT'C)lnles (lndlan

AGcounlln1 Standards) Rule-s, 2015 from April 01, 2D19 and the erfectlYe dll•or the =Ilion Is Apnl 01, 201a. ~ transition 1w been amed out fron the ..-stwhlle

AealUnllnl Standards notified under lhe Act, rNd with rel@'fant rules Issued thereunder and aufdellnes Issued by the ~ Bink of India (Colledlwly rdfflld to u

"lhe PreYious G.u.PJ, The corresponc!in1 flp,res presented In t ' -tfnandal resi.Cts 1,a.., been prepared on the basts of the pr'e\'fomly published ffnanml results W\dff previous GA»' for lhe relevant periods, duly resuted to Ind ~-The fil,llJres have been presented In accordance with the format prescribed for flnlnci.l sutements for

a Non•8anki03 finance Company (N8FCJ YfflOSC financial sta:ffllef'lts are drawn up In compllaru of the C0q>1nles (Indian Aotounttn1 Standards) Rllte,, 2015, In Otmlon Ill of Nolftlcatfon No. GSR 1022 IE) dated October 11, 2Dl8, Issued by the Ministry of Corpotlt•Affan, GoYefM!ent of lndii.

6, The above flnanclal results were reviewed by the Audit Committee and approved by the loud of Ofreaon At Its Meetfnl held on .lJne 15, 2020. The Statutory Auditors of the Company have carried out audit or the ar0tesald re1Ults and 1111 fs11Jed a report !hereon.

7. The lltures for the last quarter of the C111Tent financial_,. and for the l)ft"t!ous financial ye.ar are the bllana,a f1iures ~ audited o.,.-es In mpect of lhe

full financlal year and lhe published year to dale figun,s 14> to the end o( third quarter' of the curent and pre,,fous Onandal )Mt whidl we, IUbject to limited rnlew

by the SUtuto,y audflon

a. fee and commission lnaime maJ0tly Ind~ commls:s1on from syndlallon loan.

(18)

9, J.1 n,qufred by par•r•ph 32 of Ind AS 101, net profit recandllatlan between the fl.,...-n r_,,..., under Pr-.. GAU and Ind AS II n _ ,

Quart...-[nded YNr[nd.d

P1rtlculars Jl-Mar-19 31-lur-19

(Audli.dl CA1ldllad\

Net Profit as per l<..V.P (A) 53.14 44L61

Add/(len): Ind AS 1dJu1bnM!ts

• loan loss provlsfonlns as per ECL model 97.44

(151.991

• Fair valuation of Equ'ty Shares (113.13)

• Others 50.9) 12.ll

• Deferred tax on the lboYe adjustments («l.3-4) n.n • Restatement of previous year tax (Refer Note No 11) l&.-41 11 . .a Tot.ti AdJu>lmmts (D)

136.51 (229.11)

Net profit as per Ind AS (C) • (A·D) 190.35 21J.43

Other Comprehensive l:icome

• Remeasurem9!1t of ~lned Benell! scheme (3.41) (3.<C!)

• locome tax ori above 0.97 0.97

Total other comprehensive Income (D) (2.51) (1.51)

Comprohenslv,(lncome as per Ind AS (C-0) 192.16 215.94

10. AJ. required by paravaph 32 of Ind AS 101, reconciliation 01 equity as reported In accordance with Prmous GMP and lndAS1sastnler:

(Rs. In l.ald!s)

P&rtklllars AsM

31-Mar-19

Equity as per IGAAP (A) 2.911.40

.

(AddYLes.: Ind AS adjustments

.

· loan los, provisioning as per ECI. model 385.117

• Fair valuation of fq,stty Shar,,s

• loan upfront fees recognition as per EIR model 10.33

· Interest RecOBrlltion on Credit impaired assets (4.50)

· Deferred Taxes on the above adjustmmts (108.75)

'

• Restatement cit pre,1ous year tax (28.49)

Total Ind AS ad)ustm•nts (8)

253.66

.

Equity u per Ind AS (A•B)

2,664.74

11. The Group had made provision fa,- tax In the previous year by applyins Incorrect rate of taX while gladatilli the tax on capital gains oo sale o( ecJJity instruments

which was duly rectified while filing income tax return. The wne has beffl rectified in the aJrTent year by nestatin! the PfC"(ious year fipes, resati111 in ~ I of excess pr0Y1slon of taxes and availing of MAT aedit aw~tinil of Rs. 25.491.akhs In-tine with the requirement of Ind AS-& •A«rJunt;ns Policies, C1w1ftS in Accxulting Estimates and Errors". j

References

Related documents

1. We have audited the accompanying statement of quarterly financial results of Kaye) Securities Limited ('the Company') for the quarter and year ended March 31,

The standalone Ind AS financial results for the quarter ended March 31, 2019 and year ended March 31, 2019 have been prepared on the basis of the standalone Ind AS financial

challenges posed by the pandemic, we posted a positive EBITDA driven by better revenue performance in the second half of the year and cost efficiencies.. As the financial year

The standalone financial results for the quarter and year to date ended March 31, 2019 have been prepared on the basis of the standalone financial results for the nine month

We have audited the accompanying consolidated annual financial results ('the Statement') of Cipla Limited ('the Holding Company') and its subsidiaries (the Holding Company and